I have entered a long position on EUR/USD following a confirmed breakout and close above the descending trendline and recent horizontal resistance on the 4-hour timeframe. After the breakout, price pulled back and formed a bullish 4H candle that closed above the new support, validating the continuation setup.
Entry: 1.10200 (Pullback confirmation after breakout)
Stop Loss: 1.08800 (Below recent structure support)
Risk Management Level: 1.11800 (Move SL to BE once TP1 is hit)
Target Levels:
TP1: 1.11800 – Moving SL to BE at this point to manage risk
TP2: 1.13700
TP3: 1.16500
Trade Rationale:
The 4H breakout above both trendline and horizontal resistance confirms bullish intent, followed by a clean retest.
Weekly chart also shows a significant breakout above a long-term descending trendline dating back to 2008 — a major structural shift.
Risk is managed with a stop below recent consolidation lows, allowing room for healthy price movement.
Targets are based on key HTF resistance zones and previous price reaction levels.
Entry: 1.10200 (Pullback confirmation after breakout)
Stop Loss: 1.08800 (Below recent structure support)
Risk Management Level: 1.11800 (Move SL to BE once TP1 is hit)
Target Levels:
TP1: 1.11800 – Moving SL to BE at this point to manage risk
TP2: 1.13700
TP3: 1.16500
Trade Rationale:
The 4H breakout above both trendline and horizontal resistance confirms bullish intent, followed by a clean retest.
Weekly chart also shows a significant breakout above a long-term descending trendline dating back to 2008 — a major structural shift.
Risk is managed with a stop below recent consolidation lows, allowing room for healthy price movement.
Targets are based on key HTF resistance zones and previous price reaction levels.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.